Blogs

Saturday Reads Around The Internets - Public Unions & Homeless Beauty Queens

shocknews
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.

Miss Colorado is Homeless

A sign of the times, our beauty queen is homeless.

Just months after receiving her crown, Miss Colorado USA Blair Griffith lost her home.

The 23-year-old, who will compete in the Miss USA pageant in June, was evicted, along with her mother, from their home last November. They have been living with a family friend ever since. Griffith is also scheduled to lose her job at Saks Fifth Avenue when the branch she works at closes its doors for good next month.

Jobs Being Created are Low Pay Ones

The NELP ran some numbers and discovered the new jobs are low paying ones.

Lower-wage industries constituted 23 percent of job loss, but fully 49 percent of recent growth. Mid-wage industries constituted 36 percent of job loss, and 37 percent of recent growth. Higher-wage industries constituted 40 percent of job loss, but only 14 percent of recent growth.

We're hearing a lot of spin on tech jobs and innovation lately. Realize those jobs have shrunk by 4.4% over the last decade. In other words, the sector is not even employing the U.S. workers who need a job and have the skills.

Economic Nonsense Reported As Fact

Corporate Profits Soaring Thanks to Record Unemployment

In a January 2009 ABC interview with George Stephanopoulos, then President-elect Barack Obama said fixing the economy required shared sacrifice, "Everybody’s going to have to give. Everybody’s going to have to have some skin in the game." (1)
For the past two years, American workers submitted to the President’s appeal—taking steep pay cuts despite hectic productivity growth. By contrast, corporate executives have extracted record profits by sabotaging the recovery on every front—eliminating employees, repressing wages, withholding investment, and shirking federal taxes.

The global recession increased unemployment in every country, but the American experience is unparalleled. According to a July OECD report, the U.S. accounted for half of all job losses among the 31 richest countries from 2007 to mid-2010. (2) The rise of U.S. unemployment greatly exceeded the fall in economic output. Aside from Canada, U.S. GDP actually declined less than any other rich country, from mid-2008 to mid 2010. (3)

Washington’s embrace of labor market flexibility ensured companies encountered little resistance when they launched their brutal recovery plans. Leading into the recession, the US had the weakest worker protections against individual and collective dismissals in the world, according to a 2008 OECD study. (4) Blackrock’s Robert Doll explains, “When the markets faltered in 2008 and revenue growth stalled, U.S. companies moved decisively to cut costs—unlike their European and Japanese counterparts.” (5) The U.S. now has the highest unemployment rate among the ten major developed countries. (6).

Mortgage Deal Under Discussion - Obama Administration and Big Banks

bigbusiness-Optimized.jpg
Even if the settlement being offered by the Obama administration is accepted, it doesn’t give the banks relief on the securities fraud claims or evasion of back fees for recording mortgages.

Reports have begun to appear in the American business press of a possible settlement among banks and their regulators over the mortgage mess in the U.S. The various players in this settlement are leaking stories to business reporters in order to place on the public square their negotiating positions, which can often serve to define the terms of the discussions taking place in private. For those of our readers who are not Americans, we need to apologize in advance for the convoluted, and you might even say ugly, manner in which policy is made in Washington when so many different players are involved. We’ll try to keep the description of what is going on basic and understandable, but don’t be surprised if you feel like you’ve wandered into an abattoir where sausage is being made. First, let’s go down the list player by player, and see what they want out of a possible settlement.

Libya, Kaddafi, and the Marketing of Dictators

By Numerian
liberatenow.png

Nobody knows, which is precisely why leadership everywhere is addled and uncertain how to respond. What they should most fear, however, is someone who connects together the riots in Greece several years ago, the demonstrations in Iceland, and the events throughout the Middle East, with the protests in Wisconsin, and who then draws a picture which makes sense and which everyone can understand.

Driving in from the airport to the center of Tripoli, as you pass Pepsi-Cola Road and approach the old city, you see one billboard after another featuring Mohammar Qaddafi. He has different guises, depending on whether he wishes to be Col. Qaddafi in military uniform, or tribal Qaddafi in flowing robes, or religious Qaddafi in the turban and cloak of an imam. Overlooking the central square is Qaddafi the modernizer of Libya, sporting brownish-yellow sunglasses that might have been stylish in 1969 when Qaddafi first came to power in a military coup, but today give him the appearance of trying too hard to be young.

Gaddafi Regime Collapses - People Hold Line Despite Brutal Attacks

By Michael Collins
libyamap2.jpg
The outlook for Libya’s economy remains favorable.
International Monetary Fund, February 15, 2011

Libya is a nepotistic cult focused on Muammar al-Gaddafi, his family, and friends. The erratic and eccentric leader, known as the Guide of the Revolution, has ruled since he helped lead a military coup against King Idris in 1969. He developed his own style of Arab revolution outlined in The Green Book. Of interest, the title of the first section is, The Solution of the Problem of Democracy: 'The Authority of the People'. (Click here for updates on Google Maps)

Gaddafi has felt the heat of that authority since February 17 when large protests began all over Libya.. Despite a ruthless security apparatus, Libyans had simply had enough. Reports now have the anti regime forces in control of the nation's second largest city, Benghazi.

Update 2/23, 2:35 pm EDT - IMF Changes Stand on Dictators

The Money Party on the Road to Ruin

Michael Collins
thelastroad.jpg
The Money Party is destroying the United States. For ten years, there have been no new jobs with flat income. Unemployment and poverty are making a big comeback. The party consists of those who own and control concentrations of great wealth and the select few who serve them (their Mandarins). Based on the efficiency of the demolition job, you have to wonder, is this is by design? If greed, ignorance, and paranoia constitute a plan, then they are master planners. (Image)

Look at the glaring problems below. Then ask yourself, has there been one single program implemented to address any of these problems, just one? Our elected representatives enable the relentless process of driving down the United States. They bicker and fume at the edge of issues. However, when it comes to neglecting the real needs of citizens and the country, they are as one. All rewards and resources flow to their patrons and owners, the made men and women of The Money Party. We are nothing to them.

Saturday Reads Around The Internets - Inflation, China, Exchange Rates, and Outrage

shocknews
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.

Food Inflation

The World bank reported food inflation put 44 million more people into extreme poverty as wheat prices have increased 75% in some countries.

Pages